Lotus is poised to return to F1, backed by a consortium led by the Malaysian government.
The team would takeover BMW Sauber, and be backed by Malaysian oil giant Petronas and Lotus, which is owned by Malaysia's national car maker Proton.
The push for the return of the Lotus name in F1 could also be boosted by the arrival of former Ferrari brand guru Dany Bahar as the company's new CEO, although it is believed his appointment at the current time is coincidental and not linked to the F1 plans.
Lotus's ambitions are being spearheaded by respected technical chief Mike Gascoyne, formerly of Renault and Toyota, whose original Lotus team linked with the Litespeed operation were widely talked about earlier this year.
Malaysia's Sports Minister Datuk Ahmad Shabery Cheek refused to deny talk that the government is looking at its involvement in the team when speaking to local media.
"Nothing has been finalised and there's nothing to comment," he told the Malay Mail. "I'm not confirming, neither am I saying otherwise."